What the analyst said
Jefferies analyst Janardan Menon raised the price target on Arm Holdings (NASDAQ: ARM) to $290.00 (from $210.00) while maintaining a Buy rating.
“Since the Arm Everywhere event in March, demand for the AGI CPU in FY27 and FY28 has doubled to $2bn. As agentic AI proliferates, we expect demand to further expand.
Management seems confident of both royalties and licencing revenues growing at around 20% in FY27, with data centre demand supporting royalty growth.
With Arm’s market share forecast to rise within a rapidly growing CPU market, the stock remains attractive. We raise our PT from $210 to $290.”
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Where the price stands
ARM trades at $204. The 2 analysts who set a target in the last 3 months range from $320 to $641, with a median of $481. This $290 target is 40% below the median, the lowest on the Street.
Since the note ARM has moved −14% (from $237). 12-month window: day 180 of 365, closes on May 7, 2027.
Track record
This call✓ Target reached on May 21, 2026, 14 days after the note.
Firm track recordJefferies: 67% of its 18 targets at least a year old were reached within 12 months (#21 of 26 firms). Accuracy ranking →
Jefferies on Arm
Jefferies price targets on Arm
4 calls from February 5, 2026 to July 20, 2026. The target went from $170 to $320 (+88%). The rating stayed Buy.
- July 20, 2026Target raised from $290 (+10%)Buy$320
- May 7, 2026 This noteTarget raised from $210 (+38%)Buy$290
- March 25, 2026Target raised from $170 (+24%)Buy$210
- February 5, 2026Earliest call shownBuy$170
